Vigilant Capital Management LLC reduced its stake in shares of PepsiCo Inc. (NYSE:PEP) by 1.1% during the second quarter, Holdings Channel reports. The institutional investor owned 78,406 shares of the company’s stock after selling 903 shares during the period. PepsiCo accounts for 1.6% of Vigilant Capital Management LLC’s portfolio, making the stock its 25th largest position. Vigilant Capital Management LLC’s holdings in PepsiCo were worth $8,306,000 as of its most recent SEC filing.
Other large investors have also modified their holdings of the company. Piershale Financial Group Inc. boosted its stake in PepsiCo by 0.4% in the second quarter. Piershale Financial Group Inc. now owns 1,005 shares of the company’s stock valued at $106,000 after buying an additional 4 shares during the last quarter. Gradient Investments LLC boosted its stake in PepsiCo by 7.0% in the second quarter. Gradient Investments LLC now owns 1,530 shares of the company’s stock valued at $162,000 after buying an additional 100 shares during the last quarter. Tiemann Investment Advisors LLC bought a new stake in PepsiCo during the first quarter valued at $200,000. Augustine Asset Management Inc. bought a new stake in PepsiCo during the second quarter valued at $201,000. Finally, Verus Financial Partners Inc. bought a new stake in PepsiCo during the second quarter valued at $201,000. 69.81% of the stock is currently owned by institutional investors.
PepsiCo Inc. (NYSE:PEP) traded up 0.94% during mid-day trading on Friday, reaching $108.77. 7,173,287 shares of the company’s stock were exchanged. PepsiCo Inc. has a 12 month low of $93.25 and a 12 month high of $110.94. The firm has a market cap of $156.54 billion, a price-to-earnings ratio of 30.73 and a beta of 0.48. The stock has a 50-day moving average of $107.19 and a 200-day moving average of $105.12.
PepsiCo (NYSE:PEP) last issued its quarterly earnings results on Thursday, September 29th. The company reported $1.40 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.32 by $0.08. PepsiCo had a net margin of 8.34% and a return on equity of 54.91%. The company earned $16 billion during the quarter. During the same period last year, the company posted $1.35 EPS. The business’s revenue was down 1.9% on a year-over-year basis. Analysts anticipate that PepsiCo Inc. will post $4.79 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Friday, September 30th. Stockholders of record on Friday, September 2nd were issued a dividend of $0.7525 per share. This represents a $3.01 dividend on an annualized basis and a dividend yield of 2.77%. The ex-dividend date of this dividend was Wednesday, August 31st. PepsiCo’s dividend payout ratio (DPR) is presently 84.79%.
Several research firms recently weighed in on PEP. BMO Capital Markets reiterated an “outperform” rating on shares of PepsiCo in a research note on Friday, July 15th. Zacks Investment Research cut shares of PepsiCo from a “buy” rating to a “hold” rating in a research note on Wednesday, July 13th. Vetr cut shares of PepsiCo from a “hold” rating to a “sell” rating and set a $99.50 target price for the company. in a research note on Wednesday, June 29th. Bank of America Corp. reiterated a “buy” rating and issued a $120.00 target price on shares of PepsiCo in a research note on Friday. Finally, Argus increased their target price on shares of PepsiCo from $116.00 to $124.00 and gave the company a “buy” rating in a research note on Wednesday, July 13th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and fourteen have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $111.39.
In related news, CEO Albert P. Carey sold 170,003 shares of the stock in a transaction that occurred on Tuesday, July 12th. The shares were sold at an average price of $108.81, for a total value of $18,498,026.43. Following the completion of the transaction, the chief executive officer now owns 306,138 shares of the company’s stock, valued at approximately $33,310,875.78. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Mehmood Khan sold 51,137 shares of the stock in a transaction that occurred on Thursday, July 28th. The shares were sold at an average price of $107.30, for a total transaction of $5,487,000.10. Following the completion of the transaction, the executive vice president now directly owns 164,464 shares of the company’s stock, valued at approximately $17,646,987.20. The disclosure for this sale can be found here. Insiders own 0.33% of the company’s stock.
PepsiCo, Inc is a food and beverage company. The Company, through its operations, bottlers, contract manufacturers and other third parties, is engaged in making, marketing, distributing and selling a range of beverages, foods and snacks, serving in over 200 countries and territories. The Company operates through six segments, namely, Frito-Lay North America (FLNA); Quaker Foods North America (QFNA); North America Beverages (NAB); Latin America, which includes its beverage, food and snack businesses in Latin America; Europe Sub-Saharan Africa (ESSA), which includes its beverage, food and snack businesses in Europe and Sub-Saharan Africa, and Asia, Middle East and North Africa (AMENA), which includes its beverage, food and snack businesses in Asia, Middle East and North Africa.
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